FARMER DIRECT CO-OPERATIVE LTD.
NOTICE OF SPECIAL MEETING OF MEMEBERS AND SHAREHOLDERS

NOTICE IS HEREBY GIVEN that a special meeting of the members and shareholders of Farmer Direct Co-operative Ltd. (‘FDC’) will be held at Double Tree by Hilton Hotel & Conference Centre Regina, 1975 Broad Street, Regina, Saskatchewan on October 13, 2018, at 4:00 p.m. to consider, and if thought fit, to approve, by special resolution a sale of all of the assets of FDC to Farmer Direct Organic Foods (‘FDOF’), the terms which are summarized below:

Summary of the Sale Terms

  1. FDC will sell all of its assets to FDOF including but not limited to inventory equipment, fixed assets, receivables, intellectual property and intangibles.

  2. FDOF agrees to among other things fund the debt settlement amount owing to the lender of FDC, fund operating expenses and payables of FDC on terms acceptable to FDOF, and pay a commission on FDC member crop sales to FDOF.

  3. The sale will be presented to the membership and shareholders of FDC for approval.

  4. The closing date of the sale will be on or about November 1, 2018.

DATED at Regina, Saskatchewan, September 27, 2018.

FARMER DIRECT CO-OPERATIVE LTD.
Lorne Schroeder, President


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